The Buyt Desk
Things are changing for women in India in every sector. They are doing all types of jobs, even the traditional male-dominant bastions. So, when it comes to finance management, they are not behind. Women are doing excellent work in personal finance management.
The latest study by the Association of Mutual Funds in India (AMFI) states that women’s participation in the Mutual Fund industry has witnessed a significant increase in the last few years. It has risen to 14% year-on-year. The number of women investing in mutual funds has increased to 74.5 lakhs in December 2022 compared to 63.8 lakhs in the same month last year. The more interesting fact is that the increased number of women investors in mutual funds is not limited to big cities. Instead, there is participation across the country.
The number of unique investors has tripled from 2017 to 2023. In 2017, the number of women investors in the mutual fund was 1.20 Crore, which has risen to 3.77 Crores in 2023. The leap has come after the Covid-19 breakout.
According to the AMFI, women investors in the 25-35 age group have shown higher participation. It means young professional women have become cautious about their finances and doing financial planning proactively.
In terms of Age
If we break the data age-wise, 35 percent of investors are in the age bracket of 45 years and above. The major contributors are women between the 18 to 24 year age category. Their percentage share has increased in the last ten years.
In terms of Asset
In terms of asset break-up, women investors have invested approximately Rs. 6.13 trillion in regular Mutual Funds and about Rs 1.42 trillion in direct plans.
Women have come a long way in the last few decades and have changed their stereotypical image. It is visible in the field of financial planning as well. They know how to handle their finances to secure their future. The rise in women investors in the Mutual Funds market reflects the same.
